. >> well, you left out the fact that jp morgan runs one of the secretive swaps market in the world. with jamie diamond. it's not for all bankers to be indicted the same. it is appropriate for us to recognize that the too-big to fail banks like jp morgan, bank of america, and wells fargo are uniquely to blame. it is appropriate, we should be focusing on his bank, citi group, bank of america and wells far fargo. >> brilliantly put. dylan, thank you very much. >> hold on. hold on. i got one other thing. and i apologize. i would love to do a brief survey if i could of your audience and from you. here's the simple question. what does a former congressman with a history of exchanging e-mails with male pages, a celebrity chef, a former mtv dj, and martin bashir, what do those people have in common? >> no idea. >> they are all going to be on bill mahir's show tomorrow night. former mtv and a celebrity chef, you'll be eating well, listening to good music -- >> stop there. >> be careful with your e-mail. >> thank you for that. >> we'll be watching. >> thank you. we'll be watching you at 4:00

jp morgan is another one of those names. they remain a buy with a target of around $42. >> jp morgan is actually the only one i have any confidence in. i'm not sure why, but at least there is some semblance of a yield there and they seem to have played every step of the way better than the other guys. >> j.b., i'll tell you why, because you're already getting a decent dividend yield, you know about j.p. diamond and the rest of the staff there and you have some confidence. i agree with you on that one. of all the names, that's one i would think from a longer term perspective, i like that name. but if you look at morgan stanley, that's the one that moved to the buy list. they've got that revenue that's coming from the retail side now pushing toward 40%. it's that smith barney application that i think because of that, if the market performs well, morgan stanley will definitely perform well as well. if not, morgan stanley is going to plummet. >> let me throw something out to the group. is one thing hindering the banks? how far c

jp morgan upgraded its recommendation on the tech giant. it also raised its target price for the stock to $21 a share. analysts say a perfect storm of problems including major layoffs is not likely to be repeated in 2012. the shares rose 3.5% to close at $18.66 a share. wall street welcomed the new year with a good first day of trading. the dow surged 180 points, the nasdaq 44 points. invetors were encouraged by gains for bank of america and caterpillar. >> the early results continue to come in from the iowa republican caucuss. here are the latest numbers in to the ktvu newsroom. ron paul is now ling with 24% of the votes, romney is tied with santorum with 23% and gingrich has 13%. back here the governor's proposed tax initiative has some with deep pockets. the first financial filing shows the governor has raised $1.2 million in just the past two weeks for the ballot meat measure. it came from nine donors including a hospital group. the measure would temporarily raise the state sales tax and increase insum taxes on wealthy california reside

jp morgan chase is the big focus. a lot of market analysts want to see how banks are dealing with all of the regulatory changes we saw in 2011 and the restrictions on investment banking, and also some of the exposure to eurozone debt issues, and if any of them are going to make any profits. but judging by how banking stocks here and in the u.s. have traded so far in 2012, it looks to be a little bit slightly more of a positive picture. we'll see, of course. with the earnings and other economic data, i will have more updates when we come back here monday morning. for now, back to you. >> all right. ramin, thanks for that. that was ramin mellegard from the tokyo stock exchange. >>> the tokyo stock exchange is likely to continue listing scandal hit optical equipment maker olympus. designated in the alert category, which requires improvements to internal oversight. official decision is planned for january 20th at the tsc board of governors meeting. the tse has been investigating possible violations of criteria for listing

jp morgan chase added 2%.fany and company plunged 10% after slashing its full-year profit forecast. elsewhere, orange juice futures surged a record 10% on news some brazilian imports contain a potentially harmful fungicide. news that fitch ratings does not expect to cut france's aaa credit rating helped ease bailouts. >>> the mafia has now become the country's largest lender. >>> back here at home, it was a good year for the federal reserve. thanks to its investments, the fed paid $77 billion to the government in 2011. the second highest amount ever. >>> and in an effort to stay afloat, east man kodak is hoping patent suits against apple and htc corporations will help speed its turnaround. >>> several of the nation's biggest banks are reportedly under investigation over whether they overcharged customers strugging to pay home insurance. >>> the occupy wall street movement has left its mark on 2011 in more than one way. occupiers were named its word of the year. >>> kobe throws them up, the wizards finally win

jp morgan led the losers today. let's take a look at tonight's "market focus." the results from j.p. morgan, along with waiting for the government debt downgrades in europe, set the tone today. it was a bit negative. the dow industrials was able to climb off its worst level of the day about an hour after the opening bell. the dow finished with a loss of 49 points. for the week, the dow was down two sessions but had a net gain this week of 0.5%. the nasdaq was up each session this week except for today, for a net gain of 1.4%. and the s&p 500 also saw four sessions of gains. yesterday, it was at a five- month high. this week, it gained 0.9%. earnings season just got started this week, and next week's calendar is jammed with lots of bank earnings. the financial sector led the market lower today, falling 0.8%. industrials and info tech each fell 0.7%. all 10 major stock sectors were down. within the financial sector, bank morgan stanley was the biggest loser, falling more than 3%. morgan stanley is among those banks reporting earning next week. some questions about

. >> friday but disappoint earning the disappointing earnings from jp morgan, which reported a sharp drop in quarterly earnings, saying it was hit by big losses in its investment, banking, and trading divisions. jpmorgan, the largest american bank by assets, said it earned $3.7 million, or 90 cents a share in the final months of 2011, but the results were down 23% from the same time a year ago. shares in german software giant s.a.p. were the leading gainers on friday after the firm reported gains in both sales and profits for the fourth quarter of last year. operating profit at the world's largest maker of business software jumped by 10% to 1.78 billion euros for the quarter, exceeding expectations. operating profit for the whole year increased to nearly 5 billion euros. the company is expected to announce its forecast for this year on january 25. >> the problems are not stopping for the german president. christian wulff has yielded to a week of pressure to publish a da's year of answers to questions by journalists about a controversial hormone -- published a dossier. the newspaper t

and one of our biggest private sector employers, jp morgan chase is leading in this area, hiring thousands of returning veterans and providing incentives for the vendors to do the same. and to encourage others to follow their lead, we will propose expanding tax credits to delaware businesses that hire veterans. now, the biggest driver for a business when deciding where to locate and where to expand is the quality of the work force. that's how it will determine whether the business becomes an innovation leader or gets left behind in the creative dust of its competitors. the late steve jobs put it bluntly, he said apple employs 700,000 factor workers in china because it can't find the 30,000 engineers in the u.s. that it needs on site at its plans. we need to do something about that. and this is why when the history of our time here is written, the determined push that we're making to push student achievement will be the biggest game changer of all. because we have come together, parents and teachers, administrators, private employers, foundations, public officials to develop and implement a

we had a large investment recently by jp morgan chase into our loan fund. we are looking for businesses that are looking to put in more energy-efficient equipment or retrofit or remove toxins from processed here we have been lending to drive cleaners that are giving you more environmentally friendly products, truck drivers putting in new exhaust systems. finally, just to give you kind of a scale of what we do, mark mentioned the sba right guaranteed 275 loans in a year. we expected to 50 or 60 in san francisco this year, and more like 250 or 300 throughout the bay area. if you are hearing something interesting and you want to talk, the dominant in the purple suit has been handing me question cards out. >> i am the ne community federal community union. we are like a bank except we are nonprofit. we are 501 c 14. we are insured up to 250,000. we build credit. what we do a lot is one-on-one counseling. we are also a part of the bank of san francisco, so we do pay their lending -- payday lending. we help people build up their credit before helping them to get a

jp morgan chase friday showing a drop in profits, this week, goldman, sachs and citigroup, and microsoft, google, intel. a lot for investors to take in. down over 100 points on the nikkei this morning, and the u.s. off for a public holiday. back to you. >> thanks for the heads up there. ramin mellegard from the tokyo stock exchange. i will have more business news in a few minutes, for now, back to the main news with catherine. >> thanks very much, ai. >>> officials in fukushima say they detected high levels of radiation in a newly completed residential building. they say materials used in construcay have been contaminated with radioactive cesium from the fukushima daiichi nuclear power plant. the three-story apartment building in nihonmatsu city was completed last july. 12 of the units currently are being rented. the city found that levels of radioactivity on the first floor were up to 1.24 microsieverts per hour, well above background radiation levels. radiation levels on the second and third floors were much lower. >> translator: i'm shocked. i don't feel safe living here. >> translato

you should be able to look at jp morgan and say can you handle massive stress.t is 13%% unemployment, home prices down 20%, equity markets do 50%, a catastrophe in the markets and europes and yes we can handle that and be well above the 5% tier one required. i'm hoping what it shows is the american banks, maybe an exception or tw are well capitalized can handle extreme stress and one day hope to take it off the table. >> you come out of the fed, all is fine and you have plenty capital, do you raise your dividend? >> it is a board level decision. we raised it last week and put it at a dollar. we tol the world we'd expect t o have regular, not huge increases but as a normal course. that is a small capitalecision relative to other capital decisions. last year we brought back $8 billion in stock. we think we might do something like that this year. we hope to do that or more in 2012. we are not the people that buy stock at any price. we prefer to spend the money when the stock is cheaput may not be cheap by the time we have the opopportunity to do that. >> do you exp

and we're going to have to see the earnings out this morning from jp morgan chase can help sustain that rally. green arrows overnight. checking the numbers the dow stands this morning at 12,471, it added almost 22 points in trading yesterday. nasdaq meantime was up almost 14 and the s&p 500 was up by 3 points. >>> if you live in maryland, you will not be seeing an increase in your state taxes. at least that's what maryland state senate president mike miller says. he made that promise during a speech at the state's economic development association yesterday. governor o'malley pitched raising the sales tax as a way to pay $1 billion budget deficit for roads and for bridge repairs but miller believes the gas tax increase is a better option. >>> a positive sign in the housing market. realty track reports that foreclosures fell to their lowest level in 2007. according to the online marketer filings were down 34% last year and although this sounds like good news, the company says the declines are largely due to delays in paperwork. >>> apple has to postpone the sales of its iphone 4s in its b

the young doctor, with his fashionable british-born syrian wife, a former banker at jp morgan, promised reform. >> people were giddy with the idea of reform early on in bashar's reign. he opened up the country to the internet, he lifted exit permits, which were required for syrians to travel, and he allowed more trade in the country. >> he said, "we can open up. we're going to have some private newspapers, private press, internet." and he believed that he could win the hearts and minds of the people through modernization and let a lot more light in. ♪ >> he had allowed what became to be known as the "damascus spring." he promised reforms, and he promised political reforms. and so, there were political salons that began to emerge, and people began to talk about ideas. "how is syria going to meet the future? which path is it going to take?" and there was an era, i would say, in the 2003-2004 in which there was an open debate, and a healthy one. >> he was genuinely popular amongst the young people, who hadn't lived through his father and who saw him as a potential reformer. and he kept on

a dispointsing and unexpected earnings report from jp morgan chase. >>> tesla the electronic company put a kit on the market after the news that the vice president have both left the company. in regular trading tesla stock fell 19% to almost $23 but it regained some of that in after hours trading. >> mitt romey under attack from his rivals. he defended himself while campaigning in south carolina today which will hold the next presidential primary a week from tomorrow. new adds claim he was once a corporate raider who killed a lot of jobs. >> a lot of people want to talk about how we create jobs, by the way it's not to walk away from free enterprise, it's in the to say there is something wrong with the free market system. >> he said the united states needs to open up new markets for american goods and crack down on country that cheat. >> gingrich backed down in his hard criticism of romney but is still keeping up the pressure about his claims of creating jobs. >> soy think we have no idea what his net job creation was and how many of the jobs were in the united states. >> he also admi

a dispointsing and unexpected earnings report from jp morgan chase. >>> tesla the electronic company put a kit on the market after the news that the vice president have both left the company. in regular trading tesla stock fell 19% to almost $23 but it regained some of that in after hours trading. >> mitt romey under attack from his rivals. he defended himself while campaigning in south carolina today which will hold the next presidential primary a week from tomorrow. new adds claim he was once a corporate raider who killed a lot of jobs. >> a lot of people want to talk about how we create jobs, by the way it's not to walk away from free enterprise, it's in the to say there is something wrong with the free market system. >> he said the united states needs to open up new markets for american goods and crack down on country that cheat. >> gingrich backed down in his hard criticism of romney but is still keeping up the pressure about his claims of creating jobs. >> soy think we have no idea what his net job creation was and how many of the jobs were in the united states. >> he also admi

. >> jp morgan chase came in as a big disappointment. jp morgan shares plunged 2.35% friday. it was worrisome. this week we'll get the whole litany of all the big banks, morgan stanley, wells fargo, goldman sachs. they're all going to be reporting. you'll see u.s. investors focusing more on the bank earnings and on the housing reports coming out more so than the european downgrade. >> housing reports? >> yes. >> i'm waiting for that. >> me, too. >> alison kosik, you're adorable. >> oh, thanks. >> thank you. >> thank you. >>> it is 12 minutes paragraph the hour. northwest was slammed with snow. did you know? and a messy week ahead in the northeast. rob marciano joining us with the latest. nice to see you. >> good morning, guys. chilly up there. winter finally arriving after being m.i.a. these are actual temperatures, though. in new york city, 16 degrees. boston, currently 10. with the wind there it's feeling more like zero. actual temperature in albany 3. the actual temperature without the wind chill is 2. that's where the cold air is. we have cold air down to the south. not qu

eye on jp morgan this morning. it is what wall street expected. general electric will have to defend itself in court after a judge refused to throw out a lawsuit by investors. the shareholders say gm and chief executives misled them about their financial health and risky debt do during the final crisis. company stock prices fell $10 a share and caused market value to drop by $150 billion. ge isn't commenting on the judge's decision. >>> time now 5:21. if you're wondering where are the bison in golden gate park. we may have the answer. the very latest on the quarantine covering those bison and why it was imposed in the first place. >>> talk about being in the right place at the right time. a ktvu expert tells what was going through his mind when he tackled a bank robbery suspect right on a freeway. >>> good morning, if you're driving on the sunol grade, pretty good issues. another look at traffic and weather straight ahead. i want a baby. a baby? but we were gonna see the northern lights in alaska. and go spelunking with the guys. yeah, i said it--

. >>> jp morgan chase is branching out in california according to the san francisco business times this morning. the bank plans to open more than 80 branches in the state hit year. several of them will be here in the bay area. that means 1200 new jobs in california. chase is also offering financial institutions. >>> freezing temperatures in the alaska make fishing dangerous. coast guard rescue caught on camera after one fishing trip became very dangerous. >>> some people are complaining of noise near sfo. they say pilots are breaking the rules. while the airport says the pilots don't have a say in the matter. >>> it looks good heading south as you drive to 237. tell you more about the south bay and east bay commute. >>> good morning. very foggy for some. not for everybody. very foggy we'll give way later on to sunshine. it's already windy in the hills. combination of the two might make it tough in the morning. >>> time now 5:22. new video this morning. check this out. coast guard less cueing four fisherermen stuck in freezing water after they grounded their boat. this happened on wednes

the $25 billion settlement could mean about $1,800 for effected homeowners bank of america, jp morganhase, wells fargo, city bank, alleyed financial could adopt the agreement within the next few weeks. >> jury selection began in texas trial of accused ponzi schemer, alan stanford. he was indited more than 2.5 years ago his trial was delayed while he was treated at prison hospital for addiction to an anti anxiety drug he funded a lavish lifestyle with money ofdepositors. >>> coming up a comedian hospitalized after collapsing and tonight we are learning what may have triggered the health scare. >> plus, tmz joining us live to talk about a shocking split in hollywood ....... hello, progresso. it fits! fantastic! ring, ring. progresso. they fit! awesome. thank you. [ man ] ring, ring. pro-gresso. they fit! okay-y... okay? you don't understand. i've been eating progresso because there's... 40 flavors 100 calories or less and now my favorite old jeans...fit. okay. is there a woman i can talk to? [ female announcer ] tell your story at progressosoup.com for the chance to win an ultimate make

i saw research from jp morgan.they looked at ten-year yields for nine sovereigns that have lost their aaa rating over the past ten years. they worked out on average that the downgrade meant the cost of borrowing rose by just 2 basis points in the following week after that downgrade. that is not a big jump in borrowing costs. interesting bit of research there. there are the numbers you see in asia. reacting to the downgrade, obviously asia was closed on friday when the news came through. as nina was saying, baked into the markets. these are the no big falls. given the general uncertainty and the fact that the euro zone is front and center, we don't know where we go from here, particularly now with greece into the mix. there may be a default, even pimco saying there will be a default. it's a liquid market. people using that to get out of the emerging markets. shanghai, down by 1.7%. the financials are leadinging the way down across the board. the financials are most exposed within we come to this euro zone crisis any

. >> jp morgan chase is foreclosing on oj simpson but is having trouble serving the papers.arted proceedings on his miami home last fall. however he hasn't been living there. he is serving a prison sentence in nevada for a 2008 kidnapping and armed robbery conviction. a process server didn't seem to know that it. he attempted to serve papers at his home. >>> an auto auction company selling the hearse it claims carried the body of john f kennedy. it took his body from a dallas hospital to air force one for its return to washington dc. it's been up for auction before but went unsold when no bid met the minute numb price. this time there is no minimum. the auction is set for saturday. > wwikipedia plans to take a dayoff and police show up when don afters try to reclaim bricks they paid for. the demolition plan that has some very angry. >> exchanges in the weather. bill martin is tracking how long the cold will last plus when the rain will arrive. the forecast just minutes away. the yummy cereal? yummy. that's yours. lower cholesterol. lower cholesterol. i'm yummy. lower cholest

. >> jp morgan chase is foreclosing on oj simpson but is having trouble serving the papers. they started proceedings on his miami home last fall. however he hasn't been living there. he is serving a prison sentence in nevada for a 2008 kidnapping and armed robbery conviction. a process server didn't seem to know that it. he attempted to serve papers at his home. >>> an auto auction company selling the hearse it claims carried the body of john f kennedy. it took his body from a dallas hospital to air force one for its return to washington dc. it's been up for auction before but went unsold when no bid met the minute numb price. this time there is no minimum. the auction is set for saturday. > wwikipedia plans to take a dayoff and police show up when don afters try to reclaim bricks they paid for. the demolition plan that has some very angry. >> exchanges in the weather. bill martin is tracking how long the cold will last plus [ snoring ] [ thunder crashes ] [ snoring ] [ thunder crashes ] [ snoring ] [ male announcer ] vicks nyquil cold and flu. the nighttime, sniffling, snee

going to sit down with a number of leaders, including bill gates, my colleague is going to talk to jp morgan chase. interesting to get their take on all of it. >> we'll see you back here hopefully tomorrow. thank you, poppy, live in davos. >>> i want to show you again and push forward this world beat-down. it's caught on video, then posted to youtube. several of these youths are charged and one is still sitting behind bars because of his dad. we asked escoban when he heard about the video and why he decided to turn his 17-year-old son in. don't miss this. i don't have homework today. it's what's right here is what is most important to me. it's beautiful. ♪ ♪ >>> an eighth teenager has been charged in the chicago gang attack posted on youtube. >> [ bleep ] [ bleep ] [ bleep ]. >> the victim there did get away with some cuts and some bruises, but of the eight charged so far, here just one is sitting in jail today, only one charged as an adult. his father played a key role in putting the 17-year-old defendant behind bars. michael palomino, a sheriff's deputy of 30 years, said he had no choice w

that means some bankers at firms like goldman sachs, morgan stanley and jp morgan, could see their 2011alaries cut. some may get no bonus at all. volkswagen is reporting a record sale. it puts it ahead of japan's toyota. volkswagen says it delivered nearly 8.2% last year. still, the german automaker says it expects a tough year ahead. and if you bought an e-book recently, you have plenty of company. sales of digital books surge the week after christmas, as many people received e-readers as holiday gifts. in fact, nearly all of the books on the top 50 best sellers lists were e-book edition. >>> and wal-mart, starting today, will begin offering free preparation of simple tax forms. tax experts from h& block and hewitt -- h&r block and hewitt jackson of setting up kiosks. in new york, i'm alexis christoforous. >>> an israeli parliament member douses another member with a glass of water. it happened during a heated exchange over the firing of a school principal. the principal was let go, after taking students to a march for human rights in tel aviv last month. the two disagreed over the pun

merrill lynch, jp morgan chase, goldman sachs. in 2005 he sued an insurance company called aig. remember when america sharpened our pitch forks and outrage to aig to give bonuses to executives for their performance in destroying wall street after they got bailed out by taxpayers to the tunes of billions. remember the scandal? remember aig's role in destroying wall street, remember that aig? before they were that aig, before they earned that part of their reputation, elliott spitzer sued the pre-financial meltdown aig. he brought charges in 2005 saying that aig and two other firms were telling customers that they were three separate companies. three separate companies that were competing for your business to give you the best deal when in reality the charges said the three companies were working together. they were colluding, working it out amongst themselves to divvy up the business for mutual gain. fake were in competition. the most memorable thing about that case against aig, is that aig at the time was run by this man, hank greenberg. the other two companies that were suppose

revenue fell short at jp morgan chase.eat from some markets if their financial troubles persist. according to the wall street journal, emergency measures taken into account. and apple shares fell after released an audit of its major splirs. the company found a nuiq) of violations in china related to labor, pay, and environmental practices. that's it from cnbc. now back to "hardball." >>> i'm proud to announce that i am forming an exploratory committee to lay the groundwork for my possible candidacy for the president of the united states of south carolina. i'm doing it! and with your help and possibly the help of some outside group that i'm not coordinating with, we can explore taking this country back. thank you. god bless you all. and god bless citizens united. >> that's the great steven colbert. his satire about money in politics. it continued last night. he announced had his plan to consider running for president thanks to a new poll that showed he's actually ahead of jon huntsman in south carolina. the fake commentator

aluminum giant alcoa and jp morgan chase will kick things off.o report 12% growth in fourth quarter earnings, not bad but just a few months ago expectations were higher. we'll get the latest look at retail sales, the fed's beige book, look at economic activity across the country and latest consumer sentiment reading and in detroit the auto show kicks off. cnn money will have a team of reporters in detroit tracking it for you. >> thanks so much, ladies. >>> on to new hampshire how, the top story, republican presidential candidates are scrambling to get those last-minute votes ahead of tuesday's primary. and two back-to-back debates this weekend opened the field for candidates to take shots at each other. mitt romney came under attack the most with rivals saying he can't beat president obama. and one year ago today, gunfire at a tucson, arizona, shopping center left six dead and 13 wounded including gabby giffords. several events are happening today to remember that tragedy, including a vigil tonight she and her husband will be there. >>> the presi

in t state that new york state's department of services jp morgan chase, bank of america, citigroup ande agency is said to be looking into whether mortgage services units at those banks intentionally steered customers to overpriced insurance policies. some of them 10 times the cost of their original plans. gerri willis is with us from the fox business network now. these things are called what are they called force placed policies. >> that's the technical term for it. if you have a mortgage, you have to have homeowner's insurance, if you can't afford it and a lot of folks during the mortgage downturn couldn't, their banks bought it for them and charged them for it the question regulators are asking tonight were these folks overcharged for these policies that were sold by the bank itself. also, have there been kick backs? big questions here about some of the nation's biggest banks and whether consumers were duped into trying to buy these policies. we even heard of one policy that cost $33,000. >> shepard: good grief. the same day we are learning the ceo of fannie mae is stepping down. >>